OM Solar Co., Ltd announced that it will issue 64,280 common shares for gross proceeds of ¥270.3 million on November 11, 2022. The transaction will include participation from new investor, HyAS&Co. Inc. The transaction has been approved by the board of directors of the company.

The company is expected to close the transaction on November 30, 2022. The securities are issued through third part allotment method. the company is subject to the approval of the proposal regarding the third-party allocation of shares at the OM Solar Extraordinary General Meeting of Shareholders scheduled to be held on November 28, 2022.